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Africa Oil Corp. T.AOI

Alternate Symbol(s):  AOIFF

Africa Oil Corp. is a Canadian oil and gas company with producing and development assets in deepwater Nigeria, an interest in the Venus light oil and associated gas discovery, offshore Namibia, and an exploration/appraisal portfolio in west and south of Africa. The Company holds its interests through direct ownership interests in concessions and through its shareholdings in investee companies, including Prime Oil & Gas Cooperatief U.A. (Prime); Impact Oil and Gas Limited (Impact); Africa Energy Corp. (Africa Energy), and Eco (Atlantic) Oil & Gas Limited (Eco). The Company is focused on its Nigerian assets, Namibian Orange Basin opportunity set (Blocks 2913B and 2912), Block 3B/4B in South Africa's Orange Basin, and Equatorial Guinean exploration blocks (EG-18 and EG-31). The Block 3B/4B covers an area of approximately 17,581 square kilometers (km2) within the Orange Basin offshore of the Republic of South Africa. The Company has approximately 17% interest in Block 3B/4B.


TSX:AOI - Post by User

Bullboard Posts
Post by shipvanon Feb 18, 2017 5:50pm
720 Views
Post# 25866141

Comments re Kenya

Comments re Kenya From Tullow's confernece call:

Way to get over 1 billion barrells:

-The northern domain ERUT ETOM etc which is really attracting our attention, is -- has an un-risked volume potential of about 300 million barrels.

- The Amosing well is drilling at the moment, is drilling up-dip towards the basin-bounding fault. And what it's looking for is the transition from the higher-quality outboard reservoirs to the lower-quality inboard reservoirs in order to delineate the field and the most productive parts of the fields.

- In Ngamia, which will be the next well, it's an appraisal well with a slightly different objective. What we're doing there is drilling an undrilled fault compartment in the southern flank of the Ngamia field. So it has the possibility of adding a completely new compartment to the Ngamia volumes.


- On the exploration side and the exploratory appraisal side, the bit we're most interested in is the northern part of the basin, these E-prospects, based on the success at Etom-2. And what we'd like to do there is drill Etete.

Another prospect that catches our eye is Etilir, Emekuya. And we suspect there may be a northern concentration of oil at a similar sort of magnitude, or perhaps even greater than what we found at Amosing and Ngamia, in and around that Etom area.

-Erut 25 meters of net pay in a 55-meter gross ore section and a depth of 700 meters. And the oil was recovered to surface.

-combination of field delineation and exploratory appraisal to get to the 1 billion barrels, to drive to FID 2018.


Looks like plenty of oil yet to be found.  lets hope Amosing 6 comes in big ! Should here at the endo f the month.

Bullboard Posts